China Tells Brokers to Pause Real-World Asset Tokenization in Hong Kong
In an informal move, China’s securities regulator (CSRC) has asked some brokers to stop tokenizing real-world assets (RWAs) outside mainland China, particularly in Hong Kong.
This request seems driven by risk concerns as offshore tokenization grows, even while Hong Kong itself is moving ahead with digital asset licensing and stablecoin regulation.
Several firms in Hong Kong had launched or planned tokenized products linked to assets like real estate, bonds, or funds. Despite the pause, observers believe this is more about careful regulation than outright opposition. Demand for tokenized credit, payments financing and other institutional use cases hasn’t cooled, though compliance burdens and cross-border policy gaps are increasingly front of mind
Clever Robot News Desk 24th September 2025
